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Posts by "bdye"

5 Posts by member
bdye
(United Kingdom)
bdye
UK
Posts: 5
15 years ago
Jan 4, 2010 10:32
Ashraf, could you please say why your next purchase of gold would be coins and not an ETF? Do you see some sort of ETF problem down the road?
bdye
UK
Posts: 5
15 years ago
Jun 9, 2009 20:47
Wise words from forextrader a few line back in the thread. No I would not choose to be long the Euro against the dollar. Better long sterling, which is ignoring its fundamentals and powering up. The price action tells you all. But nevertheless the dollar is headed to 72 on the index.
bdye
UK
Posts: 5
15 years ago
Jun 9, 2009 14:46
VOTE:Above $1.45

The dollar has gone very wrong. It is straight dow from here.
bdye
UK
Posts: 5
16 years ago
May 19, 2009 21:02
Rob, you are correct. The Federal Reserve will not "allow" it to happen. I foresee a time when Central Banks will be powerless to defend fiat Money. The hypothesis behind fiat money is that there stands behind it a country of taxpayers able and willing to back the government's currency and its debt. I believe that that is the hypothesis which is now coming into question.
bdye
UK
Posts: 5
16 years ago
May 19, 2009 16:50
VOTE:Not this year

Recently, gold has not really gone up against fiat money, and it is lazy: it does not want to. It is rising in terms of the real goods it will buy. But it is actually falling against Mickey Mouse currencies such as the .

Unless it is forced up, gold will stay the same, because it appears riskier to hold than fiat money because fiat money does not have an exchange rate against itself, only against goods, whereas gold has a conversion rate against both.

But soon, but not untill a year or two, the time will come when a third stage will come. That is the time when Treasuries will yield over 6%, and that rate will be the market's evaluation of US Government creditowrthiness, not of inflation, as tax yields fall and government deficits continue.... it is already beginning - see the 10 and 30 year Treasury rates now.

Then, gold will come into its own. I say US$ 16,000 per oz. But not now, so this is not a time to trade gold. You just buy a little every little the market goes down.

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